American Fusion Inc. (OTC: AMFN) announced it has obtained a default judgment from the Superior Court of Washington, King County, ordering the cancellation of 1,683,000,000 shares of common stock that were deemed improperly issued by prior management. The court confirmed that the underlying transactions were never consummated and are void, effectively removing the shares from the company's capitalization table.
The action is part of a broader effort by American Fusion to clean up its corporate governance and capitalization structure. The company stated that this move strengthens its capitalization ahead of its first quarterly filing as a fully reporting company, following its merger with Kepler Fusion Technologies in February 2026. The merger marked a significant milestone, and the company has since completed a series of governance milestones, including a PCAOB audit, a Form 10 filing, and a corporate name and symbol change. These steps are aimed at advancing toward an exchange listing and the commercialization of its fusion platform.
The cancellation of these shares removes a significant overhang and potential dilution risk for existing shareholders. By securing the court order, American Fusion demonstrates its commitment to maintaining a clean and transparent capital structure, which is critical for attracting institutional investors and achieving a listing on a major exchange.
American Fusion is focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. Kepler is developing the Texatron™ aneutronic fusion platform, designed for modular, infrastructure-grade deployment in industrial, commercial, and grid-constrained applications. The company’s strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures to support long-term commercial operation.
For more information about American Fusion, visit americanfusionenergy.com. Details about Kepler Fusion Technologies and its Texatron™ platform can be found at www.keplerfusion.com.
The full press release is available at https://ibn.fm/1p0hW.
